If people wish to start a cryptocurrency exchange business and launch own, then you should know not only about the development methods but also need to know the features of this type of project.
As thumb rule, people who want to launch a cryptocurrency exchange platform must understand how similar projects work. Moreover, crypto-exchange platforms are gaining immense familiarity.
Where to start
First of all, you require determining which platform you like to develop. All projects could be divided into three types:
- Crypto-currency exchange
- Crypto-currency trading
- Crypto-currency trading with marginal trade and leverage
It is the first type of platform faced by novice traders with crypto-currency. Their main feature is the simplicity of the interface. Though the blockchain is a complex technology, exchangers could spread it around the globe. These are exchanges between the user and the administrator for buying and selling.
Method of earning
Platforms of this type have their own internal reserve of money in numerous directions such as bitcoin, dollars, Ethereum and so on. The active payments and operations are conducted on behalf of administrators to users. As well as the offline exchangers that are usual for us, these popular platforms earn on the exchange rate or crypto-currencies.
As thumb rule, the cost of buying bitcoin in exchangers is higher than on the exchange, and sales are lower than in the market. The apt answer is simple, like all ingenious in this globe. The administrators and owners earn money on the difference in the exchange rate, due to this, the exchanger functions and operate. It is noted that the difference in rates could be from 1.5% to 8%. It wholly depends on direction and currency.
Here the platform is a market for the provision of services and just charges a commission for successfully executed transactions. Amazingly, the commission is paid by both sides and it is one of the tricks of this platform. Also it is the main source of income.
Cryptocurrency trading platform with marginal trade
Margin trading with a shoulder is the apex of the cryptocurrency trade. As thumb rule, it is used either by professional traders or by those who possess insider information. Thereby it can be immensely profitable.